23 East Airy Street, Norristown, PA 19401  ·   215-627-6434  ·  

The Church Foundation
  • Who We Are
    • About TCF
    • Our People
    • Board of Directors
  • Why TCF?
    • Annual Report
    • Our Philosophy
    • Frequently Asked Questions
    • TCF Audited Statements
  • Consolidated Fund
    • How It Works
    • Quarterly Performance
    • Audited Statements
  • Tools & Resources
    • Gift Clearing
    • End-of-Life Planning
    • News & Announcements
    • Notary Services
    • Planned Giving
    • Resource Library
    • Participant Forms
    • Selección de idioma
  • Next Steps

Consolidated Fund

Established in 1926, The Church Foundation (TCF) is a Pennsylvania nonprofit corporation, run by a board of directors made up of three clergy, twelve laity and chaired by the Bishop of the Diocese. One of the responsibilities of the TCF is overseeing the Consolidated Fund (CF), a balanced fund of stocks and bonds.

By coalescing assets, the CF allows parishes and institutions of the church access to professional investment management services of high quality and reasonable cost under the oversight of TCF that they could not otherwise participate in.

The Church Foundation provides excellent customer service. I also enjoy the clear, concise and timely reports that TCF provides on a monthly and quarterly basis. The Episcopal Diocese of Pennsylvania

Benefits:

Competitive rate of return—the CF strives to maintain low financial risk while still providing a competitive rate of return.

Income —participants receive regular income payments.

Low cost—as a non-profit entity, our management fees are calculated to cover administrative and operational costs only.

Professional Management—TCF provides fiduciary oversight, and under the guidance of the TCF Investment Committee, the investment managers of the Consolidated Fund (CF) have consistently provided participants a diverse mix of investments including high quality domestic and global equities, fixed income and alternative investments, providing a source of cash flow to participants.

Purchasing Power—TCF gains access to investment vehicles that the many individual church related institutions would not be able to access.

Policies:

Accounts—participants may set up any number of accounts within the Consolidated Fund. Participants will receive a quarterly statement indicating account balances and fund performance.

Allocations—a proportionate share of gains or losses and fees are applied to each participants account and reported at the end of each quarter.

Contributions and withdrawals—participants may contribute to, or withdraw funds in accordance with each fund’s governing documents.

Income distributions—participants may request quarterly, semi-annually or annual income distributions paid from each account. Typically, distributions are made in April, July, October and January.

Fees—management fees are very competitive, assessed quarterly and reviewed annually.


How It Works

The Consolidated Fund is a common trust fund similar in design and function to those maintained by commercial trust companies and banks.

Read More »

Quarterly Performance Reports

The Consolidated Fund has proven to be a safe and reliable long term investment vehicle since its inception.

See recent Quarterly Performance Reports below for more information:

2021 Quarterly Reports

  • 2022 Quarter 1 Report

2021 Quarterly Reports

  • 2021 Quarter 4 Report
  • 2021 Quarter 3 Report
  • 2021 Quarter 2 Report
  • 2021 Quarter 1 Report

2020 Quarterly Reports …

Read More »

Consolidated Fund Audited Statements

Impeccable record keeping and clear and efficient operational processes are important to us at the The Church Foundation, and our reliability is exemplified through our external audits of the Consolidated Fund.

As is procedure, records are retained for seven years:
  • Financial Statements: Year Ended December, 2021 and 2020
  • Financial Statements: Year Ended December, 2020 and …
Read More »
Share this page: Consolidated Fund

Connect with Us

Lori Daniels
Executive Director
215-220-9886 
Ryan Campbell
Operations Manager
215-621-8310 

Lori Daniels

Executive Director
215-220-9886 |

Executive Director Lori Daniels stands at The Church Foundation (TCF) 's helm, reporting to the Board of Directors. She oversees and monitors investments to ensure financial integrity and serves the Board in its fiduciary duties as trustee and custodian for assets owned by churches, chapels, missions, and institutions in the Diocese of Pennsylvania. Lori leads business development efforts and fosters professional relationships. Her goal is for every Episcopal entity in the Diocese to establish an endowment with TCF and plans to expand planned giving resources by increasing program education.

Lori joined TCF in 2014 as Operations Specialist, transitioning to Operations Manager. She was promoted to Executive Director in 2019 due to her leadership talents, positive business relationships, and a solid vision for TCF's future. Lori loves people and appreciates the talents of each team member.

Lori has fueled many noteworthy achievements. She oversaw a significant increase in managed assets for 2020, spearheaded rebranding efforts, and collaborated in a diocesan endowments review, leading to increased distribution to fund missions and ministry.

Lori holds a M.S. focused on Management with Nonprofit Specialization as well as a B.S. in Finance and Humanities from the University of Maryland University College. She will continue expanding her expertise in nonprofit management, endowments, and investments. Lori loves to travel, is an avid reader and knitter, and enjoys biking and hiking. Her dream is to live somewhere close to a beach someday.

Ryan Campbell

Operations Manager
215-621-8310 |

Operations Manager Ryan Campbell joined The Church Foundation in 2019 as the newest team member tasked to maintain smooth business operations and collaborate with TCF’s Executive Director to improve existing processes and offer fresh ideas. He masterminds most media development and design projects. Ryan’s tenure in retail includes Operations Manager for PetSmart, overseeing as many as 65 employees with a large customer base.

Ryan’s strength is in forming meaningful relationships with diocese members and coworkers. A critical thinker, he has a strong aptitude for quantitative data and designing digital media. Ryan was an integral partner in redevelopment of TCF’s website and is the point of contact for future enhancements. He also digitized TCF’s records and documentation. He directed and edited the video presentation for TCF’s 2020 clergy conference that was well recognized by attendees, and will continue to be a strong advocate in improving TCF’s overall digital media presence.

Ryan is a source of inspiration and reference to colleagues and others in the diocese, bringing professionalism, dedication, and innovation. Treating others with respect, he places utmost importance on family and friendships.

Originally from the greater Philadelphia area, Ryan attended Ursinus College and West Chester University majoring in Business and Economics, with a minor in Business and Technical Writing. His long-term goals include earning a Master Degree and gaining invaluable experience working with investment, nonprofit, and legal professionals. Ryan enjoys an active lifestyle—he played soccer while attending college, plays and watches most sports, and loves camping and hiking.

Latest From Social Media

1919 Investment Counsel's Weekly Market Insights: June 27, 2022

"Bad News, Good Results" 1919 Investment Counsel's Wee...

Read More »

Happy Juneteenth!

The Church Foundation will be closed on Monday, June 20 ...

Read More »

The Church Foundation's 2021 Annual Report

Revisit the highlights of 2021. The Church Foundation'...

Read More »

T. Rowe Price Global market Weekly Update: June 03, 2022

T. Rowe Price's Global Market's Weekly Update: June 03, ...

Read More »

Consolidated Fund How It Works Quarterly Performance Reports Consolidated Fund Audited Statements

© 2022 The Church Foundation
23 East Airy Street · Norristown, PA 19401
215-627-6434
Privacy Policy · Powered by Membership Vision

  View Entire Post

Service Times

Location

The Church Foundation
23 East Airy Street
Norristown, PA 19401

Contact Us
215-627-6434

Newsletter Signup

TCF 2021 Annual Report

Revisit TCF's 2021 highlights. Our 2021 Annual Report is now available for download:

TCF 2021 Annual Report